Team

At Euro-Phoenix, we combine the best of international expertise and local market knowledge. Our multi-dimensional perspective on transactions and our Central European presence enables us to understand and serve our clients better.

Les Nemethy

CEOMr. Nemethy has more than 20 years of experience in M&A, investment banking, Private Sector Development and law. As an Undersecretary of State for Hungary, Mr. Nemethy managed all transactions occurring in the Hungarian Privatization Agency. He was responsible for a staff of 150 and approximately $1 billion of annual privatisation revenues. As a Senior Private Sector Development Specialist at the World Bank, Mr. Nemethy worked throughout the world developing privatisation programs, reforming regulatory structures and attracting investment capital to sectors including heavy industry, mining, energy, telecommunications, transportation, and capital markets. In addition to his privatisation experience, Mr. Nemethy also served as CEO of the second Hungarian telecom operator, Matel Ltd., which today is Invitel. In 1999 Mr. Nemethy founded Euro-Phoenix and has since managed transactions in nearly every Central and Eastern European country. Mr. Nemethy holds degrees in Law, Economics, Political Science and a Masters of Business Administration from leading universities in Canada. Mr. Nemethy recently completed a term as President of the American Chamber of Commerce in Hungary, and has written and spoken extensively on the subject of national competitiveness. He speaks English, Hungarian, French, Russian, German and Spanish.

Andras Hanak

General CounselMr. Hanak has considerable privatisation and regulatory experience in Central and Eastern Europe. In his 17 years in the region, he has served as legal counsel at Squires, Sanders & Dempsey in Hungary and also held the position of Managing Lawyer at Dewey Ballantine in Budapest. He has extensive expertise in project finance including the drafting and negotiating of contracts on both the buy side and sell side of transactions. Mr. Hanak has advised governments on the restructuring of major industries with specific emphasis on the telecommunications sector, and has provided legal insight on multiple tender processes throughout the region. Mr. Hanak holds a law degree from the University of Pennsylvania. He speaks English, Hungarian and French and currently resides in Budapest.